Cable One, Inc. (CABO) – What Are Brokerages Thinking About This Stock?

Shares of Cable One, Inc. (NYSE:CABO) have been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $80.00.

Several analysts have issued reports on the company. TD Cowen cut their price target on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a report on Friday, August 7th. Williams Trading set a $86.00 price target on shares of Cable One in a report on Friday, August 7th. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. BNP Paribas Exane decreased their target price on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Finally, Weiss Ratings upgraded Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd.

Cable One Price Performance

Shares of NYSE:CABO opened at $11.09 on Tuesday. The firm’s 50 day moving average price is $23.66 and its 200-day moving average price is $48.97. The stock has a market capitalization of $62.89 million, a PE ratio of -0.06 and a beta of 0.52. Cable One has a twelve month low of $9.84 and a twelve month high of $168.54. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 9.27.

Institutional Trading of Cable One

A number of large investors have recently made changes to their positions in CABO. Integrated Wealth Concepts LLC bought a new stake in Cable One during the 2nd quarter valued at about $34,000. Squarepoint Ops LLC bought a new position in Cable One in the 2nd quarter worth about $1,203,000. Corient Private Wealth LP grew its stake in Cable One by 34.9% in the 2nd quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock worth $893,000 after acquiring an additional 4,351 shares in the last quarter. Susquehanna International Group LLP grew its stake in Cable One by 626.5% in the 2nd quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock worth $2,142,000 after acquiring an additional 34,784 shares in the last quarter. Finally, Private Management Group Inc. increased its position in shares of Cable One by 55.1% during the second quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock worth $25,067,000 after acquiring an additional 167,590 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

About Cable One

Cable One, Inc (NYSE: CABO) is a broadband communications provider serving residential and business customers in communities across the United States. The company operates primarily through the Sparklight brand and provides high-speed internet, video and voice services, along with related communications solutions.

For residential customers, Cable One offers broadband internet access, television programming and digital phone services. Its business operations provide internet connectivity, data transport, voice services, managed solutions and other telecommunications products to small and medium-sized businesses, enterprise customers and institutions.